Federal Cabinet Meeting Underway

Islamabad (September 13, 2018): The federal cabinet meeting on Thursday is underway under the chair of Prime Minister Imran Khan.

The meeting is discussing a nine-point agenda.

According to sources, the cabinet will approve annulation of Ministry of Capital Administration and Development (CAD) and also give the nod for bringing matters pertaining to health under the Ministry of National Health Services.

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Further, sources said that approval will also be given for establishing task forces to increase performance and regulate the systems of institutions across the country.

The appointment of Federal Board of Investment chairman is also on the agenda, they added.

Amendments to Pakistan Navy Act, 1961 and SC’s proposed changes to income tax ordinance will also be discussed, the sources said.

Earlier, the PTI-led government ensured that it will make a significant amendment to the Finance Bill 2018-19.

The amendment will also include changes to the tax amenity scheme introduced by the previous government, according to sources privy to the matter.The Pakistan Muslim League-Nawaz (PML-N) government had introduced a tax exemption for annual income up to Rs1.2 million.

The new government will reduce the slab from Rs1.2 million to Rs0.8 million, sources said.

Furthermore, recommendations will be made to increase tax revenue.

The government will also propose the imposition of a one per cent regulatory duty on all important items.

A National Assembly session will be held on September 14 in this regard, sources added.